X

Comptroller's report: North Country still recovering from recession

Posted 8/26/16

The North Country is still recovering from the 2007 recession, according to a report from Comptroller Thomas DiNapoli’s office. The report shows between June 2009, when the comptroller says the …

This item is available in full to subscribers.

Please log in to continue

Log in

Comptroller's report: North Country still recovering from recession

Posted

The North Country is still recovering from the 2007 recession, according to a report from Comptroller Thomas DiNapoli’s office.

The report shows between June 2009, when the comptroller says the recession ended, and June 2016, the North Country lost 3,100 jobs, a 2 percent change.

However, the report also says the North Country gained 700 jobs from June 2015 to June 2016.

What DiNapoli calls the “upstate” region, which includes the North Country, has regained 79 percent of the 128,000 jobs lost during the recession, according to the report.

Many of the jobs gained in the North Country are low-paying, according to the report. The report says the largest gain was in the leisure industry, adding 1,482 jobs paying an average yearly wage of $17,600.

Between 2010 and 2015, the North Country lost 2,000 government jobs. Those jobs paid an average annual wage of $49,500 in 2015, according to DiNapoli.

Employment gains in the North Country have been well below national averages between 2011 and 2016. Yearly growth has been well below 1 percent annually for those years, with the national average just below 1 percent in 2011 and between 1 and 2 percent from 2012 to 2016, the report says.

Wage growth in the North Country from 2010 to 2015 has been right around the five-year inflation rate of 8.7 percent, DiNapoli said. The average wage in the North Country is $39,914, the second lowest among the state’s regions, according to the comptroller’s office.

The full report is at http://bit.ly/2bM8nNt